The Committees of the National Council were formed for the speedy and efficient functioning of the National Council. Below is an overview of the remit of the Committees and their current membership composition.
Audit & Risk Management Committee
The Committee is charged with duties relating to financial reporting, internal controls and risk management systems, whistle blowing and fraud and internal and external audit.
Audit & Risk Management Committee Terms of Reference
Committee Members |
Management Liaison |
Mr. Nsa Harrison, Chairperson |
Head, Internal Audit |
Mr. Hassan Usman |
|
WSTC Financial Services Limited |
|
APT Funds & Securities Limited |
|
City-Code Trust & Investment Limited |
|
Demutualization Committee
The Committee is assigned the function of reviewing and examining the present structure of The Exchange and, in that context, examining the legal, regulatory, financial, and legacy issues involved in the demutualization of The Exchange.
Demutualization Committee Terms of Reference
Committee Members |
Management Liaison |
Mrs. Yemisi Ayeni, Chairperson |
Chief Executive Officer |
Mr. Oscar Onyema |
|
Mr. Abubakar Mahmoud, SAN |
|
Mr. Abimbola Ogunbanjo |
|
ICON Stockbrokers Limited |
|
Stanbic IBTC Stockbrokers Limited |
|
Finance & General Purpose Committee. The Committee has an oversight function on The Exchange’s financial affairs and is charged with assisting the National Council on review and provision of oversight of The Exchange’s human resource policies. The Committee acts as a court of last resort for disciplinary matters involving staff in the management cadre.
Finance & General Purpose Committee Terms of Reference
Committee Members |
Management Liaison |
Mr. Emmanuel Ikazoboh, Chairperson |
Chief Financial Officer |
Mr. Oscar Onyema |
|
Mr. Bismarck Rewane |
|
Katsina State Investment & Property |
|
Development Company Limited |
|
Reward Investment and Services Limited |
|
Rules and Adjudication Committee. The Committee is charged with the continuous review of The Exchange’s rules and regulations and provision of oversight regarding legal and regulatory issues affecting The Exchange.
Rules and Adjudication Committee Terms of Reference
Committee Members |
Management Liaison |
Mrs. Dorothy Ufot, SAN, Chairperson |
ED, Legal & Regulation |
Mr. Oscar Onyema |
|
Alhaji Bello Maccido |
|
Partnership Investment Company Limited |
|
City-Code Trust & Investment Limited |
|
Technology Committee
The Committee is charged with reviewing The Exchange’s technology development, strategic opportunities and plans, and technology operations including security and business continuity measures. The Committee also assists the Council in the execution of its information management risk responsibilities.
Technology Committee Terms of Reference
Committee Members |
Management Liaison |
Mr. Oscar Onyema |
ED, MOT |
WSTC Financial Services Limited |
|
APT Funds & Securities Limited |
|
Stanbic IBTC Stockbrokers Limited |
|
Mr. Adeolu Bajomo |
|
Partnership Investment Company Limited |
|
Disciplinary Committee
The Committee is empowered to hear and adjudicate upon disciplinary matters brought before it in respect of Dealing Members and exercise the disciplinary powers of Council as set forth in the Rules Governing Dealing Members.
Disciplinary Committee Terms of Reference
Committee Members |
Management Liaison |
ICON Stockbrokers Limited, Chairperson |
ED, Legal & Regulation |
Partnership Investment Co. Limited |
|
Reward Investment & Services Limited |
|
APT Funds & Securities Limited |
|
City-Code Trust & Investment Limited |
|